Command and Market Economics

Command and Market Economics

10th Grade

10 Qs

quiz-placeholder

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Command and Market Economics

Command and Market Economics

Assessment

Interactive Video

History

10th Grade

Practice Problem

Hard

Created by

Walter Harper

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country is cited as the prime example of a command economy in the 20th century?

China

United States

Soviet Union

Germany

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a command economy, who typically controls the factors of production?

Local municipalities

Independent companies

Foreign investors

The government

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does a command economy decide on production quantities?

International trade agreements

Consumer preferences

Government planning

Based on market demand

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What often drives the allocation of goods in a command economy?

Market competition

Consumer ability to pay

Online auctions

Government decisions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a primary goal of a command economy?

Promoting individual entrepreneurship

Ensuring equal distribution of resources

Maximizing profits

Encouraging foreign investment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key characteristic of a market economy?

One large producer for each product

Competition and market needs dictate production

Central planning

Government allocation of resources

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What motivates innovation in a market economy?

Government directives

Competition and the desire to meet market needs

State ownership of production

Equal distribution of resources

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